This focus EURAXESS China this week is innovation funding. If you would like to learn more join our webinar on 24 June
BOURSE FRENCH TECH
To encourage entrepreneurs to take the leap, spread their wings and fly, Bourse French Tech offers up to €90,000 in equity-free funding to help pay for those initial startup costs.
OVERVIEW
Going from concept to fully fledged company is never easy. Bourse French Tech helps take away a bit of the burden by covering up to 70% of eligible company expenses for entrepreneurs.
Since Bourse French Tech first launched, over 3,000 startups have enjoyed the benefits of this government grant. It continues with the goal of: supporting the creation of innovative companies with high growth potential, allowing companies in their early stages, whether they are still in the process of being set up or just recently established, to make their first expenditures and enter the market, ensuring minimal risk for each startup’s strategy.
Two distinct categories have been created, dependent on company focus: Bourse French Tech, jumpstarts businesses based on any kind of innovation, and Bourse French Tech Emergence, is specifically for companies working on breakthrough innovations with high technological content (a.k.a. “deep tech”).
BENEFITS
FRENCH TECH GRANT
A subsidy that may cover as much as 70% of expected eligible expenses up to a maximum of €25,000.
FRENCH TECH "EMERGENCE" GRANT
A subsidy that may cover as much as 70% of expected eligible expenses up to a maximum of €90,000.
Special support to assess and analyse the innovative project’s potential and market prospects
WHO IS ELIGIBLE
FRENCH TECH GRANT
Eligible beneficiaries
New companies: established in France within the past year and which fall under the European definition of a small business (less than 50 employees and a balance sheet or CA of less than 10 million Euros). There are no restrictions based on business activity (service, industry, digital).
Entrepreneurs: individual people, including those registered as sole proprietorships, and working within an organized structure (public or private) that is specifically tailored to the support of startups, for instance, an accelerator, incubator or not-for-profit organization.
Eligible projects
Projects that require a maturation and technical-economic validation stage, for example with a business model and technological feasibility study.
Eligible expenses
Eligible expenses related to the project’s design, definition and feasibility studies:
External costs (ex. graphic design), support costs (ex. employee salaries), personal expenses (ex. travel)
Coverage of personal expenses is limited to 50% of external costs or €8,000
FRENCH TECH "EMERGENCE" GRANT
Eligible beneficiaries
New companies (see above)
Eligible projects
Any breakthrough innovation project with high technological content, called deep tech, in other words based on technologies or combinations of technologies (from a research laboratory, having high entry barriers, etc.).
Eligible expenses
Internal and external expenses directly related to the project’s design, definition and feasibility study.
The application process is the same for both grants:
1. Make an appointment with a Bpifrance case manager to pitch your innovative project.
2. File a request for aid from your regional department on the My Bpifrance website.
3. You will be notified within one month.
Visit this link for more information.